Markets

Mphasis Board Comments on Alleged Noncompliance: Fine Levied by BSE and NSE for Governance Regulation Mphasis Ltd., concerning its adherence to listing regulations, has addressed notices from the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). The notices pertain to alleged non-compliance with Regulation 17(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, for the quarter ending March 31, 2026.The company’s Board of Directors reviewed the matter in a meeting held on July 23, 2026. The board reiterated that governance operations were not impaired, as no Board meeting was convened during the period in question. Furthermore, Mphasis emphasized that the Company remained compliant...

Indian Metals & Ferro Alloys Ltd Announces Board Meeting to Discuss Q1 Financial Results Indian Metals & Ferro Alloys Ltd has scheduled a meeting of its Board of Directors to review the unaudited financial performance for the quarter ended June 30, 2026.The company's board is set to convene on Tuesday, August 4, 2026, with the purpose of considering and taking on record the unaudited financial results, covering both Standalone and Consolidated figures.In relation to this announcement, the trading window for all Directors, Key Managerial Personnel, Designated Persons, and Connected Persons was closed effective July 1, 2026. This trading restriction will remain in effect until August 6, 2026, facilitating the declaration of the...

Lord's Mark Industries Files for Listing Approval on NSE to Expand Market Presence Lord's Mark Industries Limited has submitted an application seeking listing and trading approval on the National Stock Exchange of India (NSE). This move focuses on gaining access to a broader national trading platform for the company's equity shares, which are currently listed on the BSE.The planned listing on NSE is set to significantly enhance market visibility and accessibility for investors. The strategic initiative aims to improve liquidity for the Company's existing issued, subscribed, and fully paid-up equity shares, simultaneously helping to broaden the investor base.The company maintains that the proposed listing is conditional upon...

Kwality Pharmaceuticals Receives CDSCO Nod to Initiate Preclinical Pilot Batches of Pembroluzimab Kwality Pharmaceuticals Limited has achieved a major milestone in its biologics development journey after receiving permission from the Central Drugs Standard Control Organization (CDSCO). The approval allows the company to manufacture pilot batches of Pembroluzimab for preclinical studies.The CDSCO granted this authorization following a thorough review of the product's development data submitted by the Company's R&D team. This clearance marks a critical transition for the drug, moving it from the research and development stage into the Pre-Clinical stage.The approval signifies Kwality Pharmaceuticals’ advancement in developing...

Afcons Infrastructure Shares Released from Pledge After Debentures are Redeemed The encumbrance over a significant block of equity shares of Afcons Infrastructure Limited has been released, following the full redemption of GIPL Debentures and Capespan Debentures. This release was formally recorded on July 21, 2026, concerning shares previously pledged by Goswami Infratech Private Limited (GIPL) in favor of Axis Trustee Services Limited (ATSL).The transaction documents confirmed that the debentures issued to certain holders of GIPL and Capespan have now been redeemed in full. Consequently, the pledges—including the GIPL Pledge, the Initial Afcons Pledge, and the Subsequent Afcons Pledge—held by Axis Trustee Services Limited on behalf...

Cipla Stock Surges on Q1 Profit Leap; Motilal Oswal Cautions, Citing Domestic Strength and Future Hurdles Cipla shares witnessed a solid rally in the morning trade after the drugmaker announced its quarterly results for the June quarter. The stock traded at Rs 1,428.50, gaining Rs 35.50 or 2.55% as the company reported an operational performance that was largely in line with expectations.The strong response followed the release of consolidated net profit of Rs 789 crore for the quarter ended June 30. This figure marks a sequential improvement of 42% from the March quarter's Rs 555 crore, although it is down 39% compared to the previous year's results of Rs 1,298 crore.Cipla Q1 Earnings Highlights and Financial Metrics Revenue from...

Caliber Mining Stock Surges Post-IPO as Listing Premiums Exceed 18 Percent Amid Massive Subscription The IPO listing of Caliber Mining and Logistics witnessed a strong market debut, with shares trading at a significant premium across both the National Stock Exchange (NSE) and the BSE. The company’s stock performance reflected intense demand, following a massive subscription in the primary market during its offering period.Stellar Market Reception Following High Subscription Caliber Mining saw an overwhelming response from investors during its initial public offering. The IPO was subscribed at 146.64 times across the primary market between July 17 and July 21. This exceptional demand set the stage for a premium listing on both major...

Japan Core Inflation Rallies Amid Rising Producer Costs; Markets Watch for BoJ's Rate Outlook Japan's core consumer inflation showed signs of acceleration in June, but persistent concerns regarding the Bank of Japan's (BOJ) future rate policy continue to keep financial markets on edge. Government data indicates that the core consumer price index (CPI), which excludes volatile fresh food items, rose 1.6% year-on-year. This figure matches market expectations and marks an uptick from the 1.4% increase recorded in May.The inflation momentum is underpinned by services and underlying goods prices. The specialized index excluding both fresh food and fuel rose 1.7% year-on-year, easing slightly from 1.8% in May. This indicates that while...

Bank Sector Faces Major Selloff as Four Giants Wipe Out Rs 1.5 Lakh Crore of Investors' Wealth Post-Q1 Earnings The Indian banking sector faced a heavy selloff this week, with shares of four major private lenders—HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Yes Bank—tumbling following their Q1 earnings disclosures. The combined loss has reportedly eroded over Rs 1.5 lakh crore from investors' portfolios, pushing the Nifty Private Bank index down more than 4% in just four trading sessions.While these significant losses underscore market apprehension, many analysts are now highlighting that the sharp corrections have driven valuations for these established banks to increasingly attractive levels. The decline is set against a backdrop...

Brent Crude Surges Past $100; What This Price Spike Means for Gold Investors Gold markets saw slight declines as Brent crude oil prices surged past the critical $100 mark on Friday, fueled by escalating geopolitical tensions in West Asia. This dramatic rise in energy costs is forcing investors to recalibrate their outlook on precious metals amid global market volatility.Precious Metals Dip Amid Oil Surge The international spot gold declined 0.16 percent to $4,043.60 per ounce during morning trading on Comex. Silver also saw a dip, falling 0.46 percent to $57.78 per ounce against the backdrop of rising crude prices.In the domestic market, futures showed minor declines. The August contract for gold traded down 0.71 percent to Rs...

Meesho Stock Plummets Despite Strong Q1 Earnings and Brokerage Upgrade Shares of Meesho Ltd experienced a significant decline in early trade on Friday, trading at ₹180.5, which saw a 4.4 percent drop. The stock's movement made it among the top losers listed on both the BSE 500 and NSE 500 indices. This downturn occurred despite the company reporting improved Q1 FY27 earnings and receiving a bullish upgrade from a brokerage firm.Financial Performance Highlights in Q1 FY27 Meesho demonstrated solid improvements across key financial metrics for the June quarter. The company reported an operational revenue increase of 48 percent year-on-year, reaching ₹3,712.8 crore. Consolidated net loss narrowed substantially to ₹132.8 crore, compared...

Deccan Transcon, PS Raj Steels Surge as Momentum Stocks Breakout Amid Market Caution In a session characterized by quiet, stock-specific rallies rather than broad market triggers, several companies demonstrated powerful upward momentum on July 24. These selected stocks, driven by technical breakouts and strong price action, are trading well above key short- to medium-term moving averages. The movements highlight the persistent difference between trend following and overall market sentiment.Key Stocks Drive Upward Momentum Deccan Transcon Leasing saw a significant surge, climbing nearly 16% to ₹25.90. The stock continues to trade above its 30-day, 50-day, and 150-day simple moving averages (SMAs). While the move indicates improving...

Rushil Decor Ltd Notes Unwillingness of Statutory Auditors for Second Term Appointment Rushil Decor Limited has announced that M/s Pankaj R. Shah, Chartered Accountants, existing Statutory Auditors of the company, have shown unwillingness to be appointed as their statutory auditors for a second term.The decision by the firm was conveyed via a letter dated July 23, 2026.M/s Pankaj R. Shah & Associates were initially appointed as the statutory auditors of Rushil Decor Limited following a shareholders' resolution on September 27, 2021, for a term of five years. They completed their statutory audit for the year ended March 31, 2026, and issued their reports on May 29, 2026.Regarding the approach for a second consecutive term of five...

Panacea Biotec Subsidiary Receives Show Cause Notice Over Alleged Input Tax Credit Claim Panacea Biotec Limited's wholly owned subsidiary, Panacea Biotec Pharma Limited (PBPL), has received a Show Cause Notice (SCN) related to tax liability following an alleged excess claim of Input Tax Credit (ITC). The notice was issued by the Assistant Commissioner, Goods and Services Tax (GST), Delhi.The SCN was dated July 23, 2026, pertaining to the Financial Year 2022-23.According to details provided, the GST authority has alleged a total tax liability of ₹4.06 Crore. This amount includes components for tax, interest, and penalty. The breakdown is as follows:ComponentAmount (₹)Tax Liability2.27 CroreInterest1.56 CrorePenalty0.23...

Treasury Urges Bank of Japan to Hike Rates Amid 40-Year Low Yen Slump The U.S. Treasury Department has strongly encouraged the Bank of Japan (BOJ) to continue its monetary policy tightening. The department stressed that further normalization is crucial to anchor inflation expectations and curb excessive volatility in the yen, as noted by a recent report released on Thursday.Yen's Steep Decline Reaches 40-Year Low The Japanese currency recently hit a significant milestone, falling to a 40-year low against the U.S. dollar on Thursday. This rapid decline has heightened concerns among investors regarding potential intervention by Japanese authorities.The Treasury Department reported that the yen has experienced a massive fall of 51%...

Indian Metals Secures Licenses for Greenfield Ferro Chrome Expansion Project in Kalinganagar Indian Metals & Ferro Alloys Limited has secured key operational clearances for its greenfield ferro chrome expansion project in Kalinganagar. The company confirmed that it has obtained both the Consent to Operate (CTO) and the necessary Factory License for the expansion initiative, designated as KNR 1.The acquisition of these permits allows Indian Metals & Ferro Alloys Limited to move forward with the initial stages of the project. Company officials stated that steps will be initiated next week to begin the process of switching on the first furnace at the facility.Looking ahead, the company provided a timeline for its production milestone...

Sensex Plunges Over 700 Points as Geopolitical Tensions and Soaring Oil Prices Ignite Massive Market Selloff The Indian stock markets experienced severe losses for the fifth consecutive session, driven by a perfect storm of geopolitical instability, rising global commodity prices, and persistent foreign investor selling. The Sensex dropped over 700 points to settle at 75,700, while the Nifty 50 tumbled 223 points to 23,700 during Friday’s trading session.The dramatic selloff wiped off more than Rs 3 lakh crore from the total market capitalisation of all companies listed on BSE, pushing it down to Rs 473 lakh crore. All 30 constituents of the Sensex traded in the red, with UltraTech Cement, IndiGo, and Bharti Airtel among those...

Suryoday Small Finance Bank Soars 9% as Q1 Profit More Than Doubles Amid Mixed Sector Results The market remains sharply focused on individual stock performance following the recent release of quarterly earnings results. Investors are tracking a diverse set of corporate actions, ranging from major profits in specialized sectors to revenue growth outpacing profit margins across tech and aviation giants. These company-specific developments are expected to drive targeted stock movement during ongoing trading sessions.Banking Sector Reacts: Suryoday Bank Rises on Doubled ProfitsSuryoday Small Finance Bank saw a strong surge, advancing 9% after reporting exceptional Q1 results. The bank's profit more than doubled, achieving ₹75.2 crore...

Precious Metals Tumble! Oil Surge above $100 Sparks Rate Fears, Pushing Gold Down Rs 3,500 Gold and silver have continued their descent for a second straight session on the MCX following significant global economic shifts. The decline is primarily attributed to Brent crude oil crossing the $100 mark, intensifying inflation worries globally. This trend reinforces expectations that interest rates may remain elevated for an extended period, reducing the immediate appeal of non-yielding precious metals.Precious Metals Plunge as Crude Oil Reaches Key Levels In the domestic market, gold futures fell by Rs 3,500 over two consecutive sessions, reaching Rs 1,42,208 per 10 grams for the August 2026 delivery contract. Silver futures were also...

Teja Engineering Reports Strong FY26 Performance; Net Profit Grows by 55.66% Teja Engineering Industries Limited, a rapidly growing provider of engineering services to the energy infrastructure sector, has announced its Standalone Audited financial results for Fiscal Year 2026 (FY26). The company reported significant growth across its key metrics, with net profit rising by 55.66% and total income seeing a substantial increase.The company's performance highlights underscore continued expansion within the energy infrastructure sector. In FY26, Teja Engineering recorded a Total Income of ₹78.31 Cr and a Net Profit of ₹6.25 Cr. These figures show considerable growth compared to the previous fiscal year (FY25).Key financial metrics for...